Fred Smith Company Foundation

Analysis

Fred Smith Company Foundation is a registered charity in United States, based in Clayton, NC. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fred Smith Company Foundation reported income of $117k and spending of $115k, spending 99% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $132k to $117k (-12%), an average of -12% a year. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fred Smith Company Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include Franklin Alumni Association & Foundation ($117k), Sandy Hollow Arts and Recreation for the Environment Inc ($117k) and Do Good Bus ($117k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,988 against liabilities of $0, net assets of $1,988.